This Month’s Market Updates
August 12, 2014
In an ongoing effort to post consistent and timely Phoenix housing market updates. I have provided the educational video above. It provides a concise market snapshot from statistics provided by the Arizona Regional Multiple Listing Service. It is my goal to continue to provide current information on the phoenix housing market and keep both home buyer’s and home seller’s educated on the current trends.
Lets Take a look at specific cities and what the numbers are doing to be more focused on a specific area. The city we are going to focus on is Gilbert. We can see the absorption rate is 3.8 months which supports slow growth in the residential market in Gilbert Arizona. The average List price is up 7% from last year and the average sales price is up 4.5% from last year with a current price of $256,110 for the beautiful city of Gilbert Arizona. To view current Gilbert homes for sale see the links below.
Gilbert Homes Listings Search
Finally let’s talk about the 3rd largest city in Arizona. The city of Mesa is amazing and it’s leading the charge in growth and development thanks to the Mayor Alex Finter . The Mesa housing market is in even higher demand with a monthly supply of 3.41% which supports slow continued growth in the residential market in Mesa Arizona. The average List price is up 13.18% from last year and the average sales price is also up at 5.92% from last year with a current price of $206,275 for the beautiful city of Mesa Arizona. To view current Mesa homes for sale see the links below.